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Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison

David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading…

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JPMorgan’s JPM Coin Sees Transactions ‘Explode’ With Programmability Features

Global investment bank JPMorgan’s JPM Coin has seen a significant surge in transactions, according to Umar Farooq, head of Onyx by JP Morgan. During a session at the Consensus conference,…

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$2.18 Billion Digital Assets in Kind Returned to Earn Users, Gemini Says

Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since…

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Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle

The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle,…

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Texas Issues Emergency Cease and Desist Against Arkbit’s Crypto Operations

The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies…

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Ripple Doubles Contribution to Fairshake PAC to Promote Crypto in 2024 Elections

Ripple announced a $25 million contribution to Fairshake, a federal super Political Action Committee (PAC) supporting pro-crypto political candidates in the 2024 elections. This follows a similar $25 million contribution…

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US Jury Convicts Two in $8M Crypto-Linked Dark Web Drug Scheme

A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency,…

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Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury

Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately…

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Turkish Parliament Committee to Review Crypto Bill This Week

The Turkish parliament’s Planning and Budget Committee will discuss a draft law this week that would require crypto asset service providers to obtain licenses and register. This move aims to…

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Analyst Predicts ‘Prolonged and Substantial Gold Bull Market’ — Eyes $7,000 Price

Adam Rozencwajg of Goehring and Rozencwajg, a fundamental research firm specializing in contrarian natural resource investments, forecasts a sustained bull market for gold, driven by increasing geopolitical tensions, central banks’…

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